Accumulated Other Comprehensive Income (Loss) ("AOCI")

6 Months Ended

Jul. 03, 2020

Note F — Accumulated Other Comprehensive Income (Loss) (“AOCI”)

The components of AOCI are summarized below:


	Foreign currency translation		Net unrealized losses on hedging derivatives		Unrecognized postretirement obligations		Total AOCI

	(In millions)
Balance at January 3, 2020	$	(81)	$	(55)	$	(372)	$	(508)
Other comprehensive loss, before income taxes	(60)		(80)		—		(140)
Income taxes	—		20		—		20
Other comprehensive loss	(60)		(60)		—		(120)
Amounts reclassified to earnings from AOCI, before income taxes	7		7		(10)		4
Income taxes	—		(2)		2		—
Amounts reclassified to earnings from AOCI	7		5		(8)		4
Balance at July 3, 2020	$	(134)	$	(110)	$	(380)	$	(624)

Balance at December 28, 2018	$	(107)	$	(19)	$	(85)	$	(211)
Other comprehensive income (loss), before income taxes	1		(26)		(636)		(661)
Income taxes	—		7		158		165
Other comprehensive income (loss)	1		(19)		(478)		(496)

Balance at June 28, 2019	$	(106)	$	(38)	$	(563)	$	(707)